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Refer to the links down below to access the study materials. In the accounting industry, any aspiring accountant who wants to sit for the FAR Exam must have significant post-secondary education. For most test managers, a bachelor's degree from an accredited institution used to be enough. Applicants may, however, clear the exam with the right concentration and the right preparation material. VCETorrent have the most up-to-date FAR exam dumps.
| Section | Weight | Objectives |
|---|---|---|
| Select Financial Statement Accounts | 30–40% | - Compensation, benefits and income taxes - Cash, receivables, inventory, investments - Payables, debt, equity, revenue recognition - Property, plant and equipment, intangibles |
| Select Transactions | 20–30% | - Contingencies, R&D and subsequent events - Derivatives, hedging and fair value measurements - Foreign currency, accounting changes and errors - Leases, business combinations and consolidations |
| Conceptual Framework, Standard-Setting and Financial Reporting | 25–35% | - Not-for-profit and public company reporting - General-purpose financial statements for for-profit entities - Employee benefit plan financial statements - Conceptual framework and standard-setting process |
| State and Local Governments | 5–15% | - GASB standards and disclosure requirements - Governmental financial statements and reporting models - Fund accounting and modified accrual basis |
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